How To Make $200 DAILY on PUMP.FUN Trading MEMECOINS

Summary

This video guide explains how to trade coins on the 'pump.phone' platform, highlighting successful coins like AR coin and Top G coin that saw massive gains in market cap. The tutorial covers connecting a wallet, buying and selling coins, and using filters to avoid risky investments. It stresses monitoring the developer's wallet to avoid significant losses if the dev sells their holdings. The video also introduces tools like the BN bot for faster transactions, while warning viewers of the high risks involved in such volatile trading. Caution, research, and timely profit-taking are emphasized for success.

Takeaways

• 😀 The AR coin and Top G coin were launched with a small market cap, and people made substantial profits from them.
• 😀 A 16-year-old invested 0.5 Solana (approximately $80) in AR coin and made over $1 million.
• 😀 Both AR coin and Top G coin were launched through a platform called 'Pump. Phone'.
• 😀 Pump. Phone allows users to buy and sell cryptocurrencies, but it is a high-risk platform with coins that may not last long.
• 😀 The video provides a step-by-step guide for trading on Pump. Phone, including how to select coins and avoid scams.
• 😀 The Phantom wallet is required to trade on Pump. Phone, and users need to ensure they have funds in Solana before making purchases.
• 😀 Always check the market cap and transaction details before buying a coin to minimize the risk of losing money.
• 😀 Be cautious of developers who hold a large portion of a coin’s total supply, as they can crash the price by selling their tokens.
• 😀 Analyze the holder distribution and developers' wallets to identify any potential risks before buying a token.
• 😀 Utilize tools like BNB Bots to speed up transactions and avoid buying at the peak price of a token.
• 😀 Always take profits as soon as you see gains, even if it’s a small percentage, to protect against sudden market crashes.

Q & A

What is Pump.Fun and how does it work?

Pump.Fun is a platform where low-market-cap coins are launched and can potentially experience rapid growth. Traders use the platform to buy newly launched tokens, aiming to profit from price increases. However, the platform is risky as many tokens may fail or get abandoned shortly after launch.

How did AR Coin and Top G Coin perform on Pump.Fun?

AR Coin was created with a $5,000 market cap and peaked at $100 million, turning a $1 investment into over $20,000. Similarly, Top G Coin started with a $5,000 market cap and rose to $35 million, making significant profits for those involved.

What are some major risks associated with trading on Pump.Fun?

Major risks include rug pulls (where a coin is abandoned), high volatility, and the possibility that a coin's price will crash shortly after launch. Coins may fail within minutes of listing, so it’s important to act quickly and carefully monitor the market.

How can you avoid losing money when trading on Pump.Fun?

To minimize risks, use filters to select coins with lower risk profiles, track the dev's wallet and token distribution, and avoid purchasing coins where the dev holds more than 5% of the total supply. It’s also important to conduct sentiment analysis by checking Twitter, Telegram, and community feedback.

Why is it important to check the dev's wallet when buying a coin?

The dev’s wallet is crucial because if the dev holds a significant portion of the coin's supply (above 5%), they have the potential to crash the coin’s price by selling their holdings. Traders should avoid buying coins where the dev owns a large percentage of the total supply.

What should you do if the dev or major holders sell their tokens?

If the dev or major holders sell their tokens, it's important to immediately sell your tokens as well to avoid losing your profits or facing a price drop. Always exit before a large sell-off occurs.

How can you speed up your transactions on Pump.Fun?

To ensure your transactions go through quickly, use platforms like BN Bot. This bot can help you buy and sell tokens faster, reducing delays and preventing you from buying at the top of the market or missing an opportunity.

What are some red flags to watch out for when selecting a coin to buy?

Red flags include coins with high dev holdings, a lack of community support, and coins that have a rapid increase in market cap without any retracement. It's also important to analyze the token’s distribution and the wallets of major holders to spot potential risks.

What is the importance of sentiment analysis when trading on Pump.Fun?

Sentiment analysis helps you gauge the mood of the community regarding a coin. Checking platforms like Twitter and Telegram can help you understand whether investors are confident in a coin or if they are preparing to sell, which could impact the price.

How should you approach taking profits when trading on Pump.Fun?

It’s advisable to take profits as soon as you’re in the green, even if it's a modest gain. Consider selling your initial investment once you reach a 50% to 100% return, and hold the remaining portion to see how the coin performs further.